Japan’s International Payments System will test plastic cards for CBDC By Cointelegraph

Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa (NYSE:) or Mastercard (NYSE:), announced the start of its central bank digital currency (CBDC) infrastructure testing. The project will assumably prepare the payments platform for a national CBDC, which is currently being tested by the Bank of Japan (BoJ).

The infrastructure project, announced by the company in local media, will come under the title JCBDC and aims at adjusting the JCB’s existing credit card infrastructure for CBDC payments. The France-based provider of facial recognition technology IDEMIA and Malaysian Softspace will collaborate with JCB in the platform’s development.